commodities trading
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risk.netHedge Funds Increase Short Positions in Brent Crude
Money managers more than doubled bearish bets on Brent crude over seven weeks. The increase coincides with expectations that the Strait of Hormuz blockade may ease.
prnewswire.comVitol Group Increased U.S. Natural Gas Trading Volume Above Rivals
Vitol Group reported the largest increase in U.S. physical natural gas trading among major energy traders. The growth occurred during a period of rising demand for the fuel used in power plants and furnaces.
indianexpress.comIndia Gold Trades at Record $200+ Discount to Global Prices After Import Duty Increase
Gold in India is trading at a record discount exceeding $200 per ounce following a surge in local prices driven by import duties. A bullion dealer said the discounts emerged directly after the duty impact pushed benchmark prices higher. The development marks an extreme divergence…
Financial TimesMacquarie Commodities Head Receives A$35 Million Pay as Energy Profits Rise
Simon Wright, head of commodities at Macquarie Group, received A$35 million in annual pay. The compensation exceeded that of the company's chief executive as energy markets generated strong returns. The Australian bank has been referred to as a 'millionaires’ factory' due to its…
zerohedge.comGulf Disruptions Raise Aluminum Prices to Four-Year High
Severe disruptions in the Gulf region have led to major smelters declaring force majeure and the Hormuz chokepoint remaining blocked for much of the week. Analysts at Mercuria, JPMorgan, and Goldman Sachs warn of a significant supply deficit, with aluminum prices surging amid con…
Substrate placeholder — needs reviewLondon Aluminum Futures Reach Four-Year High Amid Gulf Supply Disruptions
Aluminum prices on the London Metal Exchange rose 1.4% to $3,547 per ton on Monday, driven by a U.S. blockade of the Strait of Hormuz set to begin at 10:00 a.m. New York time. Emirates Global Aluminum declared force majeure on parts of its contracts after halting operations at it…
Substrate placeholder — needs reviewNYMEX Energy Futures Settle Higher with WTI Crude at $94.41 per Barrel
May WTI crude futures on NYMEX closed at $94.41 per barrel, up $18.54 or 16.41%. Diesel futures settled at $3.8084 per gallon, gasoline at $3.0059 per gallon, and natural gas at $2.7240 per MMBTU. These settlements reflect daily trading activity in energy markets.